FameEX Morning Crypto News Recap | January 26, 2024

Tesla's Bitcoin Assets Remain Unchanged — Financial Statements Show $184M in Digital Holdings

Under Elon Musk's leadership, Tesla has consistently maintained its Bitcoin holdings. The company's Q4 2023 balance sheet displays digital assets worth $184 million. Musk, eyeing a future where Tesla is highly valuable, also disclosed that SpaceX, another enterprise he oversees, possesses a considerable Bitcoin portfolio.

Swiss Regulatory Body Sanctions Retail Trading for Tokenized Securities and Digital Assets

Switzerland's financial regulator, FINMA, has granted Taurus, a key player in digital asset infrastructure, the right to allow retail users to register accounts and engage in trading digital assets and tokenized securities. Concurrently, Taurus is set to add new tokenized assets from various Swiss companies that have selected its digital exchange, TDX, as their primary trading venue.

Swan Bitcoin Debuts Discreet Mining Operations, Targeting 8 EH/s Output by 2024 in Expanding Industry

Los Angeles-based Swan Bitcoin recently unveiled its previously undisclosed bitcoin mining activities, initiated in summer 2023. The company is on track to achieve a mining goal of 8 exahash per second (EH/s) by March 2024. To date, Swan's dedicated mining arm has successfully extracted 750 bitcoins.

Major Pilot Projects for Digital Yuan Underway in Shanghai's Development Plans

The modernization of Shanghai's Pudong New Area includes various pilot projects featuring the digital yuan, China's CBDC. These projects plan to implement the digital renminbi in areas like trade settlement, e-commerce, carbon trading, and green energy trading. Additionally, there's an emphasis on broadening and regulating its application in fiscal dealings.

Meta Receives 35-Year Sales Tax Waiver for Building $800 Million Data Center in Indiana

Meta, in collaboration with Indiana, plans to build a new data center in Jefferson, spanning 700,000 square feet and costing $800 million, positioned 825 miles from the state's capital. This significant venture was officially announced on January 25 by both Meta and Indiana's Governor, Eric J. Holcomb, marking a major tech investment in the region.

Bank of England States 'No Definitive Decision' Regarding Introduction of Digital Pound

The Bank of England and HM Treasury, responding to a CBDC consultation, stressed a focus on "privacy and control." By January 25, they announced no conclusive decision on a digital pound launch, but confirmed ongoing investigations into the practicality and design aspects of implementing a CBDC.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​